Member Sign In

You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities.

If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.

Second quarter earnings season is drawing to a close with most major companies having reported results. This week, companies like Endo, Mylan (MYL - Free Report) , Novo Nordisk and Perrigo (PRGO - Free Report) presented their second quarter results.

Recap of the Week’s Most Important Stories

A Look at Q2 Earnings Results: Mylan’s second quarter results were disappointing with the company missing on both earnings and revenues and cutting its outlook (Also read: Mylan Misses on Q2 Earnings & Sales, Lowers View). Mylan has pushed back all major product launches in the U.S. from 2017 to 2018 reflecting ongoing challenges and the uncertain U.S. regulatory environment. These product launches include generic versions of Advair and Copaxone. Escalating price erosion in the generics market remains a major challenge. Meanwhile, Mylan got a subpoena from the U.S. Department of Justice (“DOJ”) in late Jul 2017 seeking information relating to opioids manufactured, marketed or sold by the company from Jan 1, 2013 to Dec 31, 2016. Mylan has lost 15.4% of its value year to date versus the 15.8% decline of its industry.

Esperion Up on Positive Mid-Stage Data: Esperion’s (ESPR - Free Report) shares were up 15.4% on positive top-line data from a study evaluating the company’s bempedoic acid and Zetia (ezetimibe) combination plus Lipitor versus placebo in patients with hypercholesterolemia. The mid-stage triplet oral therapy study met its primary endpoint of greater LDL-C lowering compared to placebo. The company intends to conduct additional studies next year and expects to file for FDA approval of the combination by the first quarter of 2019.

Valeant Gets CRL for Eye Drop: Valeant (VRX - Free Report) , which reported second quarter results this week (Also read: Valeant Beats Q2 Earnings, Sales in Line, Trims View), got a complete response letter (“CRL”) from the FDA for its new drug application (“NDA”) for Vyzulta (latanoprostene bunod ophthalmic solution, 0.024%). The company is looking to gain approval for the use of the intraocular pressure lowering single-agent eye drop in patients with open angle glaucoma or ocular hypertension. While no safety or efficacy concerns were raised by the FDA, the CRL referred to a Current Good Manufacturing Practice (“CGMP”) inspection at Bausch + Lomb's manufacturing facility in Tampa, FL. Valeant is working on resolving manufacturing quality issues at the Tampa plant and will be working with the agency to determine the path forward.

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

Resources

Client Support

Follow Us

Zacks Research is Reported On:

Yahoo

MSN

Marketwatch

Nasdaq

Forbes

Investors.com

Morningstar

Copyright 2017 Zacks Investment Research

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +25% per year. These returns cover a period from 1988-2016 and were examined and attested by Baker Tilly Virchow Krause, LLP, an independent accounting firm. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zack Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.

Visit performance for information about the performance numbers displayed above.